Radar raised $170 million in its Series B funding round, reaching unicorn status. The round was co-led by Gideon Strategic Partners and Nimble Partners.
Radar, a startup focused on inventory management, raised $170 million in its Series B funding round, achieving a valuation over $1 billion. The round was co-led by Gideon Strategic Partners and Nimble Partners, with additional participation from Align Ventures. Jay Schottenstein, CEO of American Eagle, is among the investors and has noted significant inventory visibility improvements through Radar's technology. The company operates in over 1,400 stores including Gap's Old Navy.
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Company Information
Company
RADAR
Location
New York, New York, United States
About
RADAR offers a proprietary hardware and software AI-platform that uses RFID and computer vision to turn physical stores into the equivalent of websites. The technology enables retailers to measure everything that happens inside their stores for the first time, including real-time inventory levels and fitting room conversions, helping eliminate consumer pain points like out-of-stocks and products that have to be replenished from the stockroom. RADAR’s technology currently powers inventory optimization in more than 1000 top brand retail stores in the US and Canada.
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